Trump Media posts $406M quarterly loss as crypto bets turn sour
Trump Media’s $405.9 million net loss was driven mostly by unrealized losses on Bitcoin bought at last summer’s peak and Cronos tokens acquired through a Crypto.com deal.
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Trump Media’s $405.9 million net loss was driven mostly by unrealized losses on Bitcoin bought at last summer’s peak and Cronos tokens acquired through a Crypto.com deal.
Trump Media posted a $405.9M Q1 loss as Bitcoin and Cronos markdowns weighed on its crypto-heavy balance sheet.